New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-16
BALTYMoRB AND ONO CONFERENCE.
MEssRs, GOULD SAGE AND sULLY MEET

NOTHING ACCOMPLISHED. HowEVER-bEiiH' ~
IS FINAL SUCCESS.
jay Gould and Alfred Sully met in busseh oase
Office Yesterday and the fact formed the phsi' ioi
batch of Wall Street in regard 10 TIE
and Ohio Railroad q deal" The common OPINION ""'
been that Mr. Goulds opposition defeated 'he
and the logical conclusion naturally iouoweu 'n''
Mr. Gould was really interested In tue nego'ia'io"'
eomething was to be accomplished II w 49,
;sed about the street that negotiations had neeh "
.,rsd that Mr. Sully the negotiafor that con
terence was being held at Mr. Sages once anu d tSo
OF course that everything had been arrangeo anu
q oeal- completed, After the conference was ehueu
Mr. Gould said to TRIBUN Ereporter 49,. .o-
81 was down at the Manhattan Railway cinces 10,
W;s Snilv believe they were talking about some
Iowa Central matters. The conversation turned 10 '
Baltimore and Ohio deal after went H. Dul ws oi
little Importance. am firmly OF the opinion lhat tno
control of the Baltimore and Ohio should remain
where it is now The city and the state have hIge IN
terests IN the company and they woulG NC aoe "
ect the property better tbnn any one else nave hu
nothing whatever to do with tins deal did NOT OPP
pose it and the failure was not due 10 any acuoh W
my part bat have refused TO take any par W.
So far as telegraph business is concerned the Vest
ern Union has tor the Baltimore ana ONO iihc
IL ia doing very well and there is no need OF ioauihg
down with lines that would not add mneh 10 i dson
ness The true policy of the company is 70 deIhon
strate that no opposition IN make money anu h'n
wiling to wait two years II necessary 10 pro'0 '"'
Russell SAGE admitted that there bad been some talk
in regard to the purchase OF the Baltimore and ono
but he stated with much positiveDess that nohhs uu
been done. friend OF Mr.. Stllys remarked that tne
conference had beea brought about pr,nclPn nIIy
through the efforts of Mr.. Sage but bad beeh "noy
frutless He stated that Mr. Gould refused TO enter
tain any proposal that was based on much more I'm
one-hali OF the price recently named Id inc heso'i
tons. c,.,, II.
wel-known capitalist who has confidential rela
tons with important financial interests said YESTERDAY
that he understood that an agreement had peer
reached between prominent interests winch he DeheNu
would assure the success Of the Baltimore ana ONO
deal In tact he considered the transfer OF thu contro
virtually settled. 1t would not 60 to any indlVluual
interest but would pass into the hands OF syndicate
OF combination representing the Pennsylvan'n hdli-
road the Vanderbilt people, end the Reading oro
interests Friends of these interests would advance
the money which subordinate question II II was
assured that harmony could be established amor IA
those affected. While Mr.. Gould might not be com
mitted to the transaction now harmonizing OF me
Pennsyl yania Vanderbilt elements would BRING 10 inc
sueoess OF the scheme influence too powerful Tor
Mr. Gould to resist. The speaker thought tfat there
had been sufficient understanding reached between
the two elements mentioned TO effect settlement oi
details on a concliatory basis later on.